Shares of Paragon Banking Group PLC (LON:PAG - Get Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 727 ($9.13) and last traded at GBX 710 ($8.92), with a volume of 316076 shares traded. The stock had previously closed at GBX 715.50 ($8.99).
Analysts Set New Price Targets
Separately, Shore Capital restated a "buy" rating on shares of Paragon Banking Group in a research note on Friday, January 26th.
Check Out Our Latest Stock Analysis on PAG
Paragon Banking Group Stock Performance
The firm has a 50-day moving average of GBX 675.34 and a 200-day moving average of GBX 618.98. The company has a current ratio of 1.30, a quick ratio of 1.48 and a debt-to-equity ratio of 222.26. The stock has a market capitalization of £1.51 billion, a price-to-earnings ratio of 1,075.76, a P/E/G ratio of 0.50 and a beta of 1.50.
Paragon Banking Group Increases Dividend
The company also recently disclosed a dividend, which was paid on Friday, March 8th. Shareholders of record on Thursday, February 1st were issued a GBX 19.20 ($0.24) dividend. This is a boost from Paragon Banking Group's previous dividend of $9.40. The ex-dividend date of this dividend was Thursday, February 1st. This represents a yield of 4.13%. Paragon Banking Group's payout ratio is presently 5,606.06%.
Insider Buying and Selling at Paragon Banking Group
In other news, insider Zoe Howorth bought 6,541 shares of the company's stock in a transaction on Monday, February 19th. The stock was bought at an average cost of GBX 639 ($8.03) per share, with a total value of £41,796.99 ($52,502.19). In other Paragon Banking Group news, insider Zoe Howorth purchased 6,541 shares of the firm's stock in a transaction on Monday, February 19th. The stock was bought at an average price of GBX 639 ($8.03) per share, with a total value of £41,796.99 ($52,502.19). Also, insider Graeme Yorston purchased 475 shares of the business's stock in a transaction on Tuesday, March 19th. The shares were bought at an average price of GBX 665 ($8.35) per share, for a total transaction of £3,158.75 ($3,967.78). Insiders have bought a total of 7,264 shares of company stock valued at $4,663,470 over the last quarter. 3.51% of the stock is owned by company insiders.
About Paragon Banking Group
(
Get Free Report)
Paragon Banking Group PLC provides financial products and services in the United Kingdom. It operates in two segments, Mortgage Lending and Commercial Lending. The Mortgage Lending segment offers buy-to-let mortgages, as well as includes owner-occupied first and second charge mortgages. The Commercial Lending segment comprises SME lending, such as hire purchase, and finance and operating leases; and provides development finance, motor finance, structured lending, and other products.
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